Yes Bank customers in K’taka have tough time getting cash

Bengaluru: Several Yes Bank customers in the capital here and across the state faced crunch as its ATMs ran out of cash and branches fell short to disburse.

“We have 37 branches in Bengaluru and 74 in Karnataka. We are honouring our commitment to the account holders,” told a Yes Bank employee to IANS on the condition of anonymity.

However, many customers rushed to the bank and ATMs to withdraw, resulting in cash getting exhausted within a few hours on Friday, forcing the ATMs to be shut.

The Reserve Bank of India (RBI) has superseded the bank’s board and restricting withdrawls at Rs 50,000 over next one month.

At Hubbali, several Yes Bank customers are visiting the Club Road branch to withdraw cash, leading to long queues being formed and extensive waiting.

Customers are demanding the bank employees to explain as to when the crisis will be resolved, as they struggle for cash with cheques and withdrawal slips.

The account holders poured out their ordeal that that the ATMs were not working and debit cards being rejected at other banks.

IANS